This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

CIA May Have Bought Faulty Drone Software

Stocks in this article: CRA NZ

"Someone should have told me this product was not ready," Netezza Federal Account Manager Joe Wiltshire wrote in an email to Shepherd, which is included among the court documents. "We are negatively exposed to one of our most important customers now. In his eyes, we concealed info to close the deal, or we are not 'in the know.' Either one is not good. Please get this product ready immediately so we can get out of this predicament."

An email from Netezza project manager Razi Raziuddin on Oct. 10, a Saturday, implies the CIA's acceptance of a rush job.

"We have a critical need to get the Netezza Spatial package ported over to TwinFin as soon as possible," he wrote. "A U.S. Gov customer is expecting the toolkit to be available as soon as Monday for use in a mission-critical project. They do understand that we won't have a fully qualified, production-ready release and are OK with it."

Subsequent emails in the case file indicate concern over the floating-point problem. A message from a Netezza product manager on Oct. 16, the following Friday: "The results on the customer's TwinFin 12 return much faster than the 10100 but for some strange reason, many of the calculations are a little off, from 1 to 13 meters." (The 10100 was the model number of the Netezza Performance Server, the appliance that preceded TwinFin.)

There's initial frustration at the lack of access to the Intelligent Integration Systems software. "No matter how you slice this, however, we are likely screwed," Netezza CEO Baum wrote in an email Oct. 17, a day later.

An email exchange from Oct. 23, also in the court record, indicates that the customer signed off on the deal, after all. "They are satisfied," Wiltshire wrote in an email to Netezza executives, adding that the customer "believes that the minor discrepancy in metrics between the 10100 and the TwinFin 12 is due to the TF doing a better job."

"Thank god for optimists," Shepherd replied.

An Oct. 29 document says David Flaxman, Netezza senior vice president of products and technology, ordered the team to proceed with "the Project".

4 of 6

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs